Net present value method The following data are accumulated by Geddes Company in evaluating the purchase of $140,000 of equipment, having a four-year usefu life: Year 2 Net Income Net Cash Flow Year 1 $46,000 $81,000 28,000 63,000 Year 3 18,000 53,000 Year 4 5,500 40,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input y answers in the questions below. 1 X Open spreadsheet a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. If required, round to the nearest dollar. Net present value b. Would management be likely to look with favor on the proposal? the net present value indicates that the return on the proposal is desired rate of return of 15%. than the minimum